Why is Development Finance So Complicated?
If you’ve ever arranged development finance for your client, you’ll know how difficult and frustrating it can sometimes be. Developers often need to have a long and provable track record. The required supporting documentation can be extensive and burdensome. And the drawdown process can be slow and expensive.??
At Lowry Capital we don’t think development finance should be this way. So we set out to provide a simplified development product, which makes funds easily available to property developers throughout the UK - helping them to complete projects on time and maximise their profits. Our funding works for developments of all sizes, from single houses to larger projects. You can see the wide variety of developments we lend on by clicking here.
Our Funding is Simple & Easy to Draw
We have a unique approach. Our development finance has been designed from ground up to be streamlined, simple and easy to draw. Moving away from the traditional development finance model, we provide developers with flexible funding, tailored to fit their schedule of works. Our ‘hands off’ lending approach means developers are in full control of the development and no Quantity Surveyors are required.
Funding that Works for Developers
It is crucial that the development funding works for the developer. Strong cash flow is vital to move developments forward smoothly, which in turn maximises profits and reduces stress for the developer. Our funding model enables developers to keep a good percentage of sales revenue on each unit sold, which significantly boosts cash flow.
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We Fund First-Time Developers
Our development funding is available to first-time developers who are often excluded from the development finance market. With Lowry Capital, previous experience is not essential. If a developer has a good team in place and a credible proposition then we are always happy to lend. After all, how does a developer get experience without the funding to get started? We recognise developers have to start somewhere and we’re delighted to fund many first-time developers throughout the UK.
A Flexible Partnership
Our funding can be drawn down in stages, as and when the developer requires it. This helps keep funding costs down to a minimum. We understand that developments don’t always run smoothly (they very rarely do!) and that developers need flexibility and understanding from their funder. We provide a personal approach and our drawdown process couldn’t be simpler, with a minimum loan of just ￡25,000 (maximum of ￡4million) available within days.